BK Mistake #1: Maxing out Credit Cards

Bankruptcy Mistake #1: Maxing our Your Credit CardsFrom the moment you consider filing bankruptcy, you must be mindful of how you use your credit cards and other accounts.

Purchasing luxury items in excess of $500 within 90 days of filing your petition, will send up red flags you do not need.

The bankruptcy court can deem those debts non-dischargeable, and force you to repay them. The same is true for cash advances sought within days or months of filing your petition.

Bottom line: Be mindful, not reckless! Don’t let frivolous spending jeopardize your opportunity¬†to wipe out old debts, and get the fresh start you deserve.

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Glenn A. Brown, Esq.

Attorney Glenn Brown and the Real World Law team provides legal protection to homeowners and businesses in eminent domain and condemnation actions, commercial and residential real estate closings, and other litigation matters. If you're a property owner in need of legal protection, contact our law firm. We've two convenient office locations, serving communities in and around Upper Darby, PA and Wilmington, DE.

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